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Search Results 0 to 17 of about 18 (some duplicates have been removed)
much progress towards getting a deal done. so we'll have to see if anything big came out of this meeting. what we can tell you is the backdrop is dwindling hope for getting a big deal done. as you said, president obama was pushing for a big deal, especially at the end of last week. somewhere in the neighborhood of $4 trillion in deficit reductions over the next ten year. it looked like at the end of last week, at least, speaker boehner was trying to get on that same page. it would have involved coming to the table over entitlement reforms, ib vochled republicans coming to the table over rolling back tax credits for wealthy americans and big corporation, but then over the weekend, speaker bain boehner wouldn't be able to support a big deal. they are discussing as you said a deal half the size. somewhere in the neighborhood of $2 trillion to $3 trillion in cuts. we expect eric cantor to have come to this meeting with their proposal. we expect that's what they were discussing during this meeting. we'll let you know exactly what happened once we find out. the president earlie
>>> the big story today, boiling point. good afternoon, i'm matt miller in for dylan ratigan as dylan continues book on his upcoming book "greedy bastards." the debt debate coming down to threats, the new deal president obama and speaker boehner are working on reportedly includes $3 trillion in cuts, but only a promise of tax reform matched with triggers to punish each party if congress doesn't follow through. dems will lose a key component of health care reform, the individual mandate. the gop has the bush tax cuts at stake. the president "today show"ing his true feelings about the constant white house meetings on debt. take a listen. >> there's nothing i enjoy more than sitting hour after hour day after day debating the fine points of the federal budget with members of congress. >> a little presidential irony. meantime two other options are doa, the house cut, cap and balance act. it was pretty senseless. they won't take up the mcconnell fallback plan because harry reid wants to see what comes out of the white house. mike viqueira is live outside the white house where he sa
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clearly we have a bought one. time to change that. our show starts right now. >>> well, the big story today, whether we like it or not, round 4. right now congressional leaders walking back into the white house for the fourth straight day of debt talks with president obama. it is hump day here in new york city, and across this great land. i am dylan ratigan. a pleasure to be seeing you. debt negotiators have yet to get over their trillion dollar hump and agree on a debt deal to keep our nation functional, the president stepping up the fearmongering, warning that seniors may not be able to get their social security check next month if congress does not act. quite simply, that would not happen. on the gop side, speaker boehner said any deal would be a crapshoot. house majority leader eric cantor, king of the prowrestlers these days, a leading voice emerging, aligning with the extremely far right idea logically prime minister study committee, in guarantees another job-killing debt crisis. that's a good talking point. i think most notably we'll stop spending on pod people or -- does
come back from europe, there's a disparages disbelief. last thursday there was a big meeting about the euro zone crisis. whatever you think of the plan they come up, however, they all came together, came up with a plafç to avert crisis. looking at washington's politicians and thinking, hey, hang on a minute, they're as -- >> didn't you run a bureau -- >> i was in italy last week in fact. the analogy is apt. the difference is the market shook italy two weeks ago into doing something. they pass add 40 billion euro austerity plan, because the market freaked out. >> and in england as well. we held that deficit reduction, because we were worried about the market. here? >> i want to go back to jonathan's point, and this is -- i think people are trying to understand the implications. because america is the reserve currency of the world, because all the oil, the commodities, everything that exists, that china sells to brazil, that saudi arabia sells to europe is priced in u.s. dollars. it is incredibly unclear to what the implication of not paying it, because it is the only currency. beyo
. >>> well, the big story today, debt-struction. a lot of political shenanigans, developments coming fast and furious,y might expect this afternoon. widely, the markets are expecting a deal of some findish even if it's a band thade doesn't do much. we'll see what it mean. good afternoon. i'm dylan ratigan. a mass of house votes on yet another revised version of speaker boehner's deal. all of these deal, lick nickels and -- the final vote won't come until later tonight if boehner can whip up the 216 votes to do the deal. couldn't do it yesterday. we start with luke rurt on capitol hill. mike viqueira on standby at the white house. we begin with you, luke. tell me about a tea party politician who ran for the congress in objection to the back room arm twisting where i say i'll take away funding for the bridge, the sochool, the hospital if you don't vote on this? people wouldn't tolerate that and i imagine they're saying i'll withdraw your funding if you don't say yes on this vote? >> the house gop banned earmarks. weren't of the reasons boehner didn't go to the floor. not aa lot to give away
, social security. things like that. things obama says would be a sacred cow for democrats. talk about big numbers. that $4 trillion was the largest number we've heard so far but that does not sit well with republicans, because they wanted absolutely no tax increases. president obama, democrats told me, simply said, look, i'll give you $4 trillion in spending cuts. give me one-third in new tax increases. something in ordinary political years i'm told by democrats, most republicans would jump on. after this has played out, over the last few days, mitch mcconnell came through with a last-ditch plan. here's what he had to offer. >> i would advocate that we pass legislation giving the president the authority, the authority, to request of us an increase in the deficit would take us past the end of his term. we would authorize him to request of us that we raise the debt ceiling for the amount that he says he needs. require him to list spending cuts he would make in the same amount as the debt ceiling request he's making of us. >> reporter: so, dylan, if you didn't quite get all that you're not a
>>> the big story today, money talks. i'm matt milner for dylan ratigan. you'll be shocked. no magic the fix out of today's bipartisan sitdown at the white house. more agreeing to disagree for now. >> nothing is agreed to until everything is agreed to and the parties still far apart on a wide range of issues. everybody acknowledged that there's going to be pain involved politically on all sides. >> still, the president hinting at subtle signs of progress. now pushing to double the size of proposed spending cuts to $4 trillion over ten years. democrat and republican leaders will work through the weekend and meet with president obama again on sunday. areas of potential xpra mize, closing loopholes in the tax code if it doesn't sound like a tax code and changing yearly adjustments for social security. yes, social security is back on the table. though the white house says their only goal, "strengthen the program." keep in mind the august 2nd august debt ceiling deadline is less than four weeks away. mike viqueira is live on the lawn of the white house. what if anything was acco
>>> the big story today, job wars. good afternoon, i'm matt miller, in for dylan ratigan. more than 14 million americans still out of work, further complicating the drive for a long-term budget deal. can a deal on the debt quell the uncertainty some say hurts hiring or will new spending cuts, themselves, kill jobs and turn a bad economy worse? the labor department reports a net gain of only 18,000 jobs last month. just 18,000. that's even worse than may reese' vised 25,000. at this rate the economy needs to add nearly 14 million jobs in the next three years to get the rate down to 6%. that's 382,000 a month. and we've never seen that kind of growth ever. and don't forget, that 9.2% unemployment rate is deceiving when you add in the nearly 1 million this couraged workers who have given up hope and 8.6 million settling for part-time gigs, the rate balloons to more like 16%. republicans are already running with this report, heading into sunday's do or die debt meeting at the white house. get a listen. >> the stimulus spending binge, excessive government regulations, and our overwhelmin
is terribly unfair. >> just about one minute left. take us to the big picture between the don 'nique strauss-kahn case, and everyone jumped to judgment about a character, unsavory, but may not be guilty of what he was charged with. is there a bigger constitutional lesson in this, savannah, about the presumption of innocence a day after july 4th we should take pride in? >> take pride in our jury system. the fact the prosecutors have to put on a case beyond a reasonable doubt and also something for people to consider is what your notion and concept of justice is. casey anthony was acquitted in a court of law, but i wonder about the life she'll have from now, and i think about another verdict, 15 years ago, people thought was a miscarriage of gist is, o.j. simpson. think about what happened to him in the years that followed. so we'll have to wait and see. i don't think this is the end of casey anthony's story. >> i think in both cases the system seems to have worked in that prosecutors were able to pursue the truth and in one case you have an acquittal. the other case probably a dismiss when th
by decisions four, five years ago, mostly by republican congress and president. it's like having a nice, big dinner with a few friends at the restaurant and then saying we're not going to pay the bill. that's what not raising the debt ceiling is. >> and when you look who we owe the money to, 44%, the biggest percentage of our debt is owed to the federal reserve, which is -- if we're going to not pay debt, instead of not paying social security or veterans, why not just pay the federal reserve since we're subsidizing the banking system anyway? >> you could do that but i gang ter wouldn't get you very far. it might get you a few days. the problem is that -- if you don't raise the debt ceiling shortly after august 2eneden the secretary of the treasury is faced with a choice of breaking the law. the question, which law? one law says the debt ceiling says you can't borrow to pay the bills. but the anti-impoundment act of 1974 says you must pay the bills and you must spend the money congress appropriated. you can't not spend that money. >> you must not -- like being told you must not think about th
. our show does begin right now. >>> well, good afternoon to you. the big story today, obvious one. start your engines people. good friday afternoon to you. my name is dylan ratigan, and like 39 million of the rest of you, we're all getting ready to get out of dodge. here comes 5:00 and the fourth of july weekend. take a look. the cars, of course, on the road. l.a., san francisco, fort worth, chicago, summertime in america, ladies and gentlemen. lots of folks getting a jump on the weekend and, of course, the weather doesn't look so bad, does it? with gas prices up 80 cents from last year not to mention the rising costs of hotels, airfare, not everyone can afford such a get away. staycations are big this year. aaa expecting a million more folks to opt out of traveling and instead cook out at home. speaking of barbecues, those will also cost you more as well. $61 including the beer. driving the price increase charcoal and lighter fluid. unfortunately higher food prices thanks to the old federal reserve money printing. nothing new to us, but who knew hamburgers and ketchup could break
>>> the big story, pressure cooker. good day. i'm matt miller in today for dylan ratigan. dylan's hard at work on his upcoming book. >>> a sweltering heat wave grips the nation, the pressure is turned up on washington tore a debt ceiling with just 12 days to go. the white house calling out the "new york times" for sending out a bad alert that obama and boehner are close to a major budget deal. listen in. >> the breaking news, reports that you all have probably received is incorrect. there is no deal. we are not close to a deal. >> in the house, the s&p pulls freshmen republicans aside for waiting to act. holding out to the last minute when the markets tank and believe the ball will be in their tank because in political pro wrestling time means levera leverage. meantime, the cut, cap and balance amendment, demanding a vote because it doesn't have a chance of survival. senator reid trying to put on the pressure with speaker boehner firing right back. >> time is of the essence. when there are people who want to cause problems it takes a long time to get things done. unfortunately,
are too high driving companies to -- there are lots of thing. >> i get that. >> to have this big debate in public before there's a crisis. in greece you know, usausterity debates come after. now before the crisis hits, you're saying it's not eminent and have it again in the election year is good. >> we're not addressing our problems. this is the point. do you believe actually that cutting at this time is going to create jobs? i mean, that's the crisis. there is, in fact, a crisis that's going on right now. >> taxes at this point -- >> there are people across this country without work. peel under incredible economic stress right now. that's the crisis. there is a crisis. >> lowering tax rates at this time will create jobbed. >> right now there's a -- just if we could introduce the fact here, right now the federal tax take is at 15% gdp. that is incredibly -- hang on. hang on. so that is incredibly low. it's incredibly low by global standards. >> yeah. >> industrialized countries, incredibly low by u.s. historical standards. >> 6070 years. >> to have an argument in which the core premise
Search Results 0 to 17 of about 18 (some duplicates have been removed)